7 Economic Fundamentals | Inequality Media
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7 Economic Fundamentals | Inequality Media

Summary:

Former Labor Secretary Robert Reich explains seven economic fundamentals.

Former Labor Secretary Robert Reich explains seven economic fundamentals.

  1. Workers are consumers
  2. Consumer spending = 70% of economic activity
  3. Wealthy spend smaller percent of their income
  4. Concentrated wealth = not enough purchasing power
  5. Sufficient demand requires the middle class and poor
  6. Policies to help working families
  7. Wealthy do better in a growing economy
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Written by
JoAnn Chateau
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JoAnn Chateau

Who’s Writing?

JoAnn Chateau

JoAnn likes progressive politics and loves the canines. She writes fiction about Chester, the Alpha Bichon -- with a dash of humor and a dab of Poli-Sci. Her views and insights are tinted by a former profession in Counseling, Christian theological studies, and training in Library and Information Science. Retired now, JoAnn enjoys the creative life.

Chester

Chester is a scruffy little Bichon dog, with a congenial Napoleon Complex, and stars in "The Chester Chronicles." He sometimes reports independent Canine News -- NO corporate treats accepted, NO corporate bias. Woof!

Graffiti Girl

Graffiti Girl (GG) is curator at JoAnnChateau.com. She's progressive to the core, and easily blown away by serendipity and/or good food. (OK, GG is really JoAnn.) GG's posts signal that news or content from another website is a "must-see" and "must-remember."